Summary
This Form 8-K filing by Wells Fargo & Company (WFC) on May 6, 2011, primarily concerns the issuance of various Medium-Term Notes, Series K. These notes are linked to different investment strategies, including the iShares® Russell 2000 Index Fund, a Global ETF Basket, and the U.S. Consumer Price Index, with varying maturity dates ranging from 2013 to 2019. The filing does not report on any new financial performance or significant operational changes for the company. Instead, it serves to officially submit the forms of these notes, along with legal and tax opinions from external counsel (Faegre & Benson LLP and Sullivan & Cromwell LLP), in connection with a previously filed Registration Statement on Form S-3. Investors should note that this filing is primarily administrative and relates to the terms and legal standing of specific debt instruments rather than core business operations or financial results.
Key Highlights
- 1Wells Fargo & Company issued new Medium-Term Notes, Series K.
- 2The notes are structured with different underlying indices: iShares® Russell 2000 Index Fund, a Global ETF Basket, and the U.S. Consumer Price Index.
- 3Maturity dates for these notes range from November 7, 2013, to May 6, 2019.
- 4The filing includes the official forms of these notes as exhibits.
- 5Legal opinions from Faegre & Benson LLP regarding the notes are part of the filing.
- 6Tax opinions from Sullivan & Cromwell LLP, Wells Fargo's special tax counsel, are also included.
- 7This filing is in connection with a Registration Statement on Form S-3 previously filed by the company.